The demand curve of a firm under perfect competition is :
A) inelastic
B) perfectly inelastic
C) infinitely elastic
D) unitary elastic
Correct Answer:
Verified
Q16: Product differentiation is a characteristic of:
A)monopoly
B)perfect competition
C)monopolistic
Q17: A firm under Perfect Competition is a:
A)price
Q18: Selling cost is a feature of :
A)perfect
Q19: Oligopoly is characterized by:
A)a few sellers
B)one seller
C)large
Q20: When there are only two sellers, the
Q21: Perfect competition is a market situation under
Q23: The price of a commodity under the
Q24: Equilibrium literally means:
A)balance
B)imbalance
C)change
D)none of these
Q25: The price at which the demand and
Q26: Cost of advertisement and salesmanship is called:
A)sales
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